Clearbridge Investments LLC Has $351.37 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Clearbridge Investments LLC trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,566,795 shares of the transportation company’s stock after selling 86,950 shares during the period. Clearbridge Investments LLC owned approximately 0.49% of Canadian Pacific Kansas City worth $351,369,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stonebridge Capital Advisors LLC increased its stake in Canadian Pacific Kansas City by 750.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BerganKDV Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 193.9% during the 1st quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock worth $26,000 after purchasing an additional 223 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $29,000. Motco bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Finally, Central Bank & Trust Co. bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $38,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.99 during midday trading on Friday, reaching $80.37. 1,358,784 shares of the stock were exchanged, compared to its average volume of 2,000,495. Canadian Pacific Kansas City Limited has a twelve month low of $65.17 and a twelve month high of $85.40. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The company has a market cap of $74.86 billion, a P/E ratio of 23.37, a PEG ratio of 2.73 and a beta of 1.01. The stock’s 50 day simple moving average is $80.22 and its 200 day simple moving average is $78.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.47 billion. Canadian Pacific Kansas City had a net margin of 41.92% and a return on equity of 8.92%. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 2.93 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.1437 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 16.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Argus raised Canadian Pacific Kansas City from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Tuesday, May 16th. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $98.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. CSFB raised their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. StockNews.com started coverage on shares of Canadian Pacific Kansas City in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Credit Suisse Group raised their target price on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.